Tractor Supply (NASDAQ:TSCO – Get Free Report) announced a quarterly dividend on Wednesday, August 7th, RTT News reports. Stockholders of record on Monday, August 26th will be given a dividend of 1.10 per share by the specialty retailer on Tuesday, September 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Monday, August 26th.
Tractor Supply has raised its dividend payment by an average of 40.1% annually over the last three years and has increased its dividend every year for the last 15 years. Tractor Supply has a payout ratio of 39.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Tractor Supply to earn $11.13 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 39.5%.
Tractor Supply Trading Up 1.5 %
TSCO stock opened at $269.18 on Friday. The company has a market cap of $29.02 billion, a P/E ratio of 26.21, a PEG ratio of 3.31 and a beta of 0.81. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $290.38. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76. The business has a fifty day moving average of $266.89 and a 200-day moving average of $261.75.
Insider Activity at Tractor Supply
In related news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the transaction, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at $1,356,349.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.24% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on TSCO shares. Evercore ISI dropped their target price on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Truist Financial upped their price objective on Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a report on Friday, July 26th. Benchmark reiterated a “buy” rating and issued a $280.00 price objective on shares of Tractor Supply in a report on Friday, July 26th. JPMorgan Chase & Co. upped their price objective on Tractor Supply from $241.00 to $263.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, Raymond James upped their price objective on Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $256.58.
Get Our Latest Analysis on Tractor Supply
About Tractor Supply
Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.
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